Point of sale systems, since the first cash register, primary purpose has been to help provide merchants with some financial security.
At POS Systems protecting everything from your cash, private information and financial data, as well as that of your clients, is of paramount importance.
A part of the way we can help you do that is by making sure both ourselves, our hardware, our software AND you, our clients, are compliant with the latest industry security standards.
POS Systems - Code of Conduct
The purpose of the Code is to demonstrate the industry’s commitment to:
Ensuring that merchants are fully aware of the costs associated with accepting credit and debit card payments thereby allowing merchants to reasonably forecast their monthly costs related to accepting such payments.
Providing merchants with increased pricing flexibility to encourage consumers to choose the lowest-cost payment option.
Allowing merchants to freely choose which payment options they will accept.
Payment Card Industry Data Security Standard
The Payment Card Industry Data Security Standard (PCI DSS) is a proprietary information security standard for organizations that handle branded credit cards from the major card brands including Visa, MasterCard, American Express, Discover, and JCB.
The PCI Standards is mandated by the card brands and run by the Payment Card Industry Security Standards Council, the standard was created to increase controls around cardholder data to reduce credit card fraud via its exposure.
From the world's largest corporations to small Internet stores, compliance with the PCI Data Security Standard (PCI DSS) is vital for all merchants who accept credit cards, online or offline, because nothing is more important than keeping your customer’s payment card data secure.
The Official PCI Security Standards Council Site
The Official PCI Security Standards Council Site - Merchants Resources and Information
The Official PCI Security Standards Council Site - Small Merchants Resources and Information
Notice of updated Interac Debit Contactless Payments Interchange Pricing structure
This notice is to inform you that Interac Corp. (“Interac”) is introducing a new pricing tier for Interac Debit Contactless transactions between $100.01 - $250.00, effective November 1, 2022.
The new Tier 4 interchange flat-fee of $0.055 will apply to all transactions between $100.01 - $250.00 regardless of the tier pricing for which the merchant has qualified for, with all transactions below $100.01 remaining unchanged.
For more information visit Interac.ca - Understanding Fees